Notable Analyst Rating Changes 6/24: FCX, BDK, DB, EMC Upgraded; WFR, BA, CTRP Downgraded

June 24, 2009 9:44 AM EDT

UPGRADES:
FBR Capital upgrades Freeport-McMoRan Copper & Gold (NYSE: FCX) from Market Perform to Outperform with a $58 price target, saying the recent pullback creates an attractive entry point. Click here for more color on the upgrade.

Credit Suisse upgrades Black & Decker (NYSE: BDK) from Underperform to Neutral.

Citi upgrades Deutsche Bank (NYSE: DB) from Sell to Hold.

Barclays upgrades EMC Corp (NYSE: EMC) from Equal Weight to Overweight and raises their price target from $12 to $16.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES:
JP Morgan downgrades MEMC Electronic Materials (NYSE: WFR) from Overweight to Underweight. Click here for the full report.

Oppenheimer downgrades Boeing (NYSE: BA) from Perform to Underperform. Price target lowered $2 to $40.

Deutsche Bank downgrades Ctrip.com (Nasdaq: CTRP) from Buy to Hold. Price target $38. Click here for more color on the downgrade.

For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades

NEW COVERAGE:
FBR Capital initiates coverage on Riverbed Technology, Inc. (Nasdaq: RVBD) with a Market Perform rating and $22 price target. Here is more color.

Rodman & Renshaw initiates coverage on Orexigen Therapeutics (Nasdaq: OREX) with a Market
Outperform rating. Price target $14

Oppenheimer initiates coverage on BMP Sunstone (Nasdaq: BJGP) with an Outperform. Price target $6.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage


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Stocks Mentioned

BA 53.41

-0.31 -0.58%
Volume: 3,450,372
Track BA

BDK 62.47

+1.34 +2.19%
Volume: 415,078
Track BDK

BJGP 4.52

-0.08 -1.74%
Volume: 14,578
Track BJGP

CTRP 77.15

+1.60 +2.12%
Volume: 765,004
Track CTRP

DB 73.32

-1.36 -1.82%
Volume: 532,982
Track DB

EMC 16.83

-0.15 -0.88%
Volume: 11,303,388
Track EMC

FCX 85.34

+1.43 +1.70%
Volume: 6,480,550
Track FCX

OREX 7.33

+0.05 +0.69%
Volume: 280,155
Track OREX

RVBD 20.61

-0.05 -0.24%
Volume: 403,939
Track RVBD

WFR 12.45

+0.08 +0.65%
Volume: 2,480,084
Track WFR


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